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renminbi

[ren-min-bee]
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noun, plural ren·min·bi.
  1. the currency of the People's Republic of China, the basic unit of which is the yuan.
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Origin of renminbi

1955–60; < Chinese rénmínbi, equivalent to rénmín people + bì currency
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for renminbi

Contemporary Examples

  • The lower the value of the renminbi, the cheaper Chinese exports and the more expensive the American exports.

    Obama's China Summit Woes

    Leslie H. Gelb

    January 16, 2011

  • When Beijing pays for those dollars with renminbi, it inflates its own money supply.

    Showdown in Seoul

    Gordon G. Chang

    November 10, 2010

  • Beijing needs to be concerned that a weakened Obama will be in no position to veto legislation targeting the renminbi.

    Obama's Apology Tour

    Gordon G. Chang

    September 5, 2010

  • Up until then, the Chinese central bank had pegged the value of the renminbi to the dollar.

    Obama's Apology Tour

    Gordon G. Chang

    September 5, 2010

  • By keeping the renminbi artificially low, the central government makes Chinese exports cheap in foreign countries.

    China's Currency Ploy

    Gordon G. Chang

    June 21, 2010

British Dictionary definitions for renminbi

renminbi

renminbi yuan

noun plural renminbi
  1. another name for the Chinese yuan
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Word Origin

Chinese renmin people + bi currency
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for renminbi

n.

currency introduced 1948 in China, from Chinese renminbi, from renmin "people" + bi "currency."

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Online Etymology Dictionary, © 2010 Douglas Harper